Hotels in Onondaga County saw a surge in guests in June compared to the year-ago month, according to a new report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 15.8 percent to 74.0 percent in June from 63.9 percent a year prior, according to STR, a Tennessee–based […]
Hotels in Onondaga County saw a surge in guests in June compared to the year-ago month, according to a new report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 15.8 percent to 74.0 percent in June from 63.9 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the third straight month in which Onondaga County’s occupancy rate rose more than 15 percent. Year to date through June, occupancy is up 10.1 percent to 58.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, soared 22.8 percent to $76.95 in June from $62.66 in June 2017. Year to date, Onondaga County’s RevPar is up 11.1 percent to $58.82.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 6.0 percent to $103.98 in June, compared to $98.05 a year ago. Through the first half of the year, Onondaga County’s ADR is up 0.9 percent to $100.61, according to STR.